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EAST LANSING, Mich. – Tandem, a Michigan-based company dedicated to enhancing financial management for couples, has secured an investment from Michigan Rise Pre-Seed Fund III.
The company has developed an app that allows couples to selectively share expenses and collaboratively determine how to split their bills. The app seamlessly integrates with each partner’s checking account to retrieve historical transaction data and enable users to choose which expenses their partner sees and shares.
“It’s been a pleasure working with the team at Tandem,” said Tommy Skinner Senior Venture Associate at Michigan Rise. “They’ve resonated with their users in such an organic way, while building a platform that truly does work for the modern couple.”
Since launching in 2022, Tandem has experienced substantial growth in both their user base and transaction volume. The Tandem team will continue to delight its growing user base and build unique tools that help couples manage their financial wellness together through all of the exciting milestones of their relationship.
The investment from Michigan Rise will facilitate Tandem’s recruitment of a growing team, crucial for advancing product development, design, and marketing efforts, as well as the introduction of new in-app products.
